CZ and Crypto Leaders Call NYSE’s Tokenized Securities Platform a Major Win for Crypto

Binance founder Changpeng “CZ” Zhao has reacted positively to the New York Stock Exchange’s (NYSE) plan to launch a tokenized securities trading platform, calling the move bullish for the crypto industry and exchanges. His comments echo broader optimism across the digital asset space, as leading executives from Ripple, Galaxy Digital, and other firms highlight the significance of traditional finance embracing blockchain-based markets.

The NYSE recently announced that it is developing a platform for trading and on-chain settlement of tokenized securities and will seek the necessary regulatory approvals to proceed. According to its statement, the platform is designed to enable 24/7 trading of stocks and equities, including crypto-related stocks such as Circle’s CRCL, with near-instant settlement. Stablecoin-based funding will also be supported, allowing investors to trade tokenized assets using digital dollars rather than traditional fiat rails. The exchange further revealed that the platform is being built with multi-chain capabilities, meaning it can support multiple blockchains for settlement and custody.

CZ responded to the announcement on X, noting that such developments are bullish for crypto and centralized exchanges alike. His view aligns with growing expectations that tokenized securities could significantly increase on-chain activity, liquidity, and institutional participation. Market analyst Adam Livingston went further, suggesting that Bitcoin demand could rise “big time” as tokenization bridges traditional capital markets with crypto infrastructure.

Ripple executive Reece Merrick also described the NYSE’s move as “big,” emphasizing benefits such as round-the-clock trading, fractional ownership of stocks and ETFs, and immediate settlement through tokenized capital. Galaxy Digital’s head of research, Alex Thorn, highlighted that the true value of tokenized equities lies in self-custody, blockchain settlement, peer-to-peer transfer, and most importantly, access to decentralized finance. He noted that enabling clearing firms and exchanges to interact with tokenized stocks effectively “closes the loop” between TradFi and DeFi.

This announcement follows reports that the U.S. Securities and Exchange Commission has been exploring on-chain stock trading, while Nasdaq is also advancing plans to support tokenized securities. With crypto exchanges like Coinbase and platforms like Robinhood already experimenting with stock tokens in other regions, industry leaders argue that the U.S. must now lead in crypto policy to stay competitive in the evolving global financial landscape.